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Iraq aims to turn 40% of its oil exports into refined products
Amr Salem June 10, 2024 1892 2 min
An aerial view of an oil refinery on the outskirts of the Iraqi central city of Karbala on the day of its inauguration in October 2022. Photo: AFP
Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed on Sunday that his government aims to convert at least 40 percent of Iraq’s oil exports into derivatives and refined products.
Al-Sudani’s remarks took place during his meeting with the Chairman of Crescent Petroleum, Hamid Jafar, and his accompanying delegation, according to a statement released by the Prime Minister’s Office (PMO). Al-Sudani explained that the
Iraqi government has
created a safe investment climate, as well as
financial and banking facilities, to attract experienced companies, which
opens the door to continued cooperation,
benefits the local economy,
creates job opportunities, and
maximizes Iraq’s oil resources.
Jafar praised the government’s efforts to facilitate all forms of productive activities and the Prime Minister’s directions to eliminate barriers to investment companies’ work and establish everything that would increase levels of cooperation.
During the inauguration of a high-octane gasoline isomerization unit in the Basra Refinery on Saturday, Al-Sudani explained that the project will help Iraq cover its needs for oil derivatives and stop the import of petroleum products. The
Iraqi government plans to
achieve self-sufficiency in oil derivatives,
increase the refining capacity of petroleum products, and
improve their quality.
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Amr Salem June 10, 2024 1892 2 min
An aerial view of an oil refinery on the outskirts of the Iraqi central city of Karbala on the day of its inauguration in October 2022. Photo: AFP
Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed on Sunday that his government aims to convert at least 40 percent of Iraq’s oil exports into derivatives and refined products.
Al-Sudani’s remarks took place during his meeting with the Chairman of Crescent Petroleum, Hamid Jafar, and his accompanying delegation, according to a statement released by the Prime Minister’s Office (PMO). Al-Sudani explained that the
Iraqi government has
created a safe investment climate, as well as
financial and banking facilities, to attract experienced companies, which
opens the door to continued cooperation,
benefits the local economy,
creates job opportunities, and
maximizes Iraq’s oil resources.
Jafar praised the government’s efforts to facilitate all forms of productive activities and the Prime Minister’s directions to eliminate barriers to investment companies’ work and establish everything that would increase levels of cooperation.
During the inauguration of a high-octane gasoline isomerization unit in the Basra Refinery on Saturday, Al-Sudani explained that the project will help Iraq cover its needs for oil derivatives and stop the import of petroleum products. The
Iraqi government plans to
achieve self-sufficiency in oil derivatives,
increase the refining capacity of petroleum products, and
improve their quality.
[You must be registered and logged in to see this link.]
